26th Nov 2013 11:24
LONDON (Alliance News) - Cloud-based telephony company Coms PLC said Tuesday that it had signed a contract to supply a provider with up to 50,000 mobile SIM cards through its newly established Mobile Network.
The SIM cars will be rolled out over two years, with the first order of 10,000 cards to be delivered in early 2014.
The contract is estimated to earn Coms around GBP20 per user per month, according to the provider, a total of around GBP1 million per month accounting for all 50,000 cards. Under the contract Coms will also supply products and services to the customer, which it did not name.
Shares in Coms were trading up 8.6% at 4.19 pence Tuesday morning, making it one of the biggest risers on AIM.
By Hana Stewart-Smith; [email protected]; @HanaSSAllNews
Copyright © 2013 Alliance News Limited. All Rights Reserved.
Related Shares:
COMS.L